Which of the following is NOT an advantage to the importer of documentary credit financing?
A) any documents required are carefully inspected by clerks with years of experience
B) a documentary credit is about as good as cash in advance
C) the importer using a documentary credit can usually command better credit terms and/or prices
D) documentary credit financing may be cheaper than the alternatives
E) all of the above are advantages of the documentary credit to the importer
Correct Answer:
Verified
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